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3 George Square, Greenock, Inverclyde, PA15 - Image 1

3 George Square, Greenock, Inverclyde, PA15

Scotland

£38,000
Listed on 06/05/2026

Property Details

Bedrooms
2
Type
Apartment

Description

Situated in a mixed-use area of central Greenock, this two-bedroom flat on the second floor presents a noteworthy opportunity for investors and renovation enthusiasts alike. The layout features a living room, two bedrooms, kitchen, and bathroom, along with an added cellar space that offers potential for extra storage or development. Housed within a traditional stone tenement building that's approximately 146 years old, the property retains its historical charm while crying out for modern updates. Currently requiring comprehensive refurbishment throughout, it's perfectly suited for those looking to enhance its value. Once renovated, the flat could attract both rental interest and resale opportunities due to its central location and ample living space. Historical sales of comparable properties in the vicinity indicate significant potential for profit post-improvement, making this an attractive project for the right buyer. Greenock itself is a coastal gem with a rich maritime past and is well-connected to Glasgow and the surrounding Central Belt by road and rail, adding to its appeal as a viable investment location.

Investment Analysis

(PA15 area)
Area Average
£118/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
167%
Properties sold annually

Local Market Trend (PA15)

Area prices are rising by +6.9% over the last 12 months
3 year growth: +15.0%
5 year growth: +40.0%
Investment Disclaimer: Analysis based on PA15 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

3 George Square, Greenock, Inverclyde, PA15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£136
Based on a loan of £28,500 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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